Financial Aid Options

The first step in the financial aid process is to submit a Free Application for Federal Student Aid (FAFSA). You can complete the online application at www.fafsa.gov. You'll want to reapply every award year. These are the programs for which you'll be considered based on the information you provide in your FAFSA.

Grants

You may only be eligible to receive these need-based grants if you're an undergraduate who hasn't earned a previous bachelor's degree:
  • Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG); based on the availability of funds at CityU.

TEACH Grant

This program is available to graduate or undergraduate students who are enrolled in an eligible program of study leading to a teacher certification in the State of Washington. For more information, see the TEACH Grant webpage.

Federal Work-Study

This program helps you contribute to your educational expenses while decreasing your debt burden. To learn more or review your eligibility, contact us in the Financial Aid office.

Federal Stafford Loans

The William D. Ford Federal Direct Student Loan Program includes the following programs.
  • Subsidized Loans
    • Interest* is paid by the government while you're enrolled at least half-time
    • You may be charged an origination fee, which is deducted from the total amount of your loan
    • Repayment begins six months after you've left school (or dropped below half-time status)
  • Unsubsidized Loans
    • You're responsible for all interest*, which can be capitalized (added to the loan) if no payments are made when you're in school
    • You may be charged an origination fee, which is deducted from the total amount of your loan
    • Repayment begins six months after you've left school (or dropped below half-time status)
  • Federal PLUS Loan
    • For parents of dependent students
    • Loans are taken out by credit-worthy parents to cover the difference between the cost of education and the amount of financial aid you received
    • Parents are responsible for all interest**, which can be capitalized (added to the loan) if no payments are made when you're in school
    • If your parents choose to apply, they need to fill out a loan application
  • Federal Graduate PLUS Loan
    • Loans are taken out by credit-worthy students to cover the difference between the cost of education and the amount of financial aid you received
    • Repayment begins 60 days after disbursement, unless you're approved for an in-school deferment by the lender
    • Interest* begins accruing immediately

Before you decide to accept a loan, think carefully about how much you're borrowing, how much you'll have to pay each month and for how long, and what you expect to make in your intended career. Remember that the idea of going to school is to get ahead, not behind. You can use the Federal Student Aid's Repayment Estimator to learn which repayment plans work best for you, and to see estimates of how much your monthly repayment may be.

For more information about Stafford Loans, please review Student Aid on the Web. This site has excellent information.

Other Programs

You're not necessarily required to submit a FAFSA in order to be considered for these funds.
  • Veteran Benefits
    Thank you for your service! Our Veterans Affairs Officer is happy to assist you with any questions you may have, please call 206.239.4539 or email anytime for personalized assistance.
  • Scholarship Programs
    CityU offers several need-and-merit-based scholarships. These are awarded by our Scholarship Committee. If you've applied and been accepted to CityU, you can download a scholarship application.

    Scholarships are awarded four times per year. Questions? Give us a call at 800.426.5596 x4540 or 206.239.4540.

  • External Scholarship Programs
    If you need a little more help to close the gap, check out these resources:
  • Washington Award For Vocational Education (Wave)
    The Higher Education Coordinating Board (HECB) oversees the selection of three WAVE scholars from each Washington legislative district each year. Recipients receive a monetary grant for up to two years. If you're a WAVE scholar (congratulations!), please contact our Financial Aid Office after you've been notified.


*Interest Rates for loans first disbursed after July 1, 2014:
  • Subsidized Loans: 4.66%
  • Undergraduate Unsubsidized Loans: 4.66%
  • Graduate Unsubsidized Loans: 6.21%
  • Federal Parent PLUS Loan and Federal Graduate PLUS Loan: 7.21%